On August 10, 2026, Syntetika, a tokenization hub for regulated investment strategies, opened deposits for its inaugural product: BTC Basis+. The strategy, managed by publicly traded Hilbert Group, is now live on the Base network, enabling users to gain exposure to a Bitcoin basis trade in a permissionless, on-chain manner.
BTC Basis+ works by holding Bitcoin exposure and capturing the funding spread between spot Bitcoin and Bitcoin futures markets, with returns denominated in Bitcoin. Participants deposit cbBTC through the Syntetika platform. Deposits are queued and then subscribed to the underlying fund during the next processing cycle, at which point vault tokens (hBTC) are minted at an independently attested net asset value (NAV). Redemptions follow the same cycle, ensuring that each token's price directly reflects the fund's verified NAV.
The platform assures that each strategy runs inside a regulated fund with independent custody and third-party NAV attestation. Reserves backing the tokens will be publicly verifiable via Chainlink Proof of Reserve, adding transparency. Syntetika launched in partnership with Tulipa Capital (strategy curation), Ember Protocol (vault infrastructure), and Yield Network as a Liquidity Syndication Partner. “What we are really launching is the platform underneath it: infrastructure built to carry a growing set of regulated strategies onchain,” said Jorge Cuartero, CEO of Syntetika.
